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Fortinet

1,068 hedge funds and large institutions have $29.9B invested in Fortinet in 2023 Q3 according to their latest regulatory filings, with 122 funds opening new positions, 408 increasing their positions, 412 reducing their positions, and 147 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $413M | Put options by funds: $288M

1% less repeat investments, than reductions

Existing positions increased: 408 | Existing positions reduced: 412

1.6% less ownership

Funds ownership: 66.51%64.91% (-1.6%)

3% less funds holding

Funds holding: 1,1021,068 (-34)

17% less first-time investments, than exits

New positions opened: 122 | Existing positions closed: 147

24% less capital invested

Capital invested by funds: $39.4B → $29.9B (-$9.48B)

42% less funds holding in top 10

Funds holding in top 10: 3319 (-14)

Holders
1,068
Holders Change
-34
Holders Change %
-3.09%
% of All Funds
16.95%
Holding in Top 10
19
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-42.42%
% of All Funds
0.3%
New
122
Increased
408
Reduced
412
Closed
147
Calls
$413M
Puts
$288M
Net Calls
+$125M
Net Calls Change
+$39.4M
Name Holding Trade Value Shares
Change
Change in
Stake
BWM
401
BNC Wealth Management
Oregon
$2.42M +$71.8K +1,085 +3%
BCI
402
Brinker Capital Investments
Pennsylvania
$2.38M +$45.3K +685 +2%
OPS
403
Orion Portfolio Solutions
Nebraska
$2.38M +$45.3K +685 +2%
OSAM
404
O'Shaughnessy Asset Management
Connecticut
$2.38M +$34.8K +526 +1%
IMCOOI
405
Investment Management Corp of Ontario (IMCO)
Canada
$2.37M +$361K +5,457 +16%
FFA
406
First Foundation Advisors
California
$2.35M +$14.8K +223 +0.6%
KIA
407
KCM Investment Advisors
California
$2.33M +$16.5K +250 +0.6%
CGH
408
Crossmark Global Holdings
Texas
$2.32M -$1.33M -20,101 -34%
MC
409
Maverick Capital
Texas
$2.32M -$1.33M -20,111 -34%
GP
410
Girard Partners
Pennsylvania
$2.31M +$2.6M +39,306 New
IIM
411
INTECH Investment Management
Florida
$2.28M +$1.77M +26,696 +219%
UCMOK
412
United Capital Management of KS
Kansas
$2.23M -$41.5K -627 -2%
EAM
413
Eagle Asset Management
Florida
$2.22M -$68.4K -1,034 -3%
SG Americas Securities
414
SG Americas Securities
New York
$2.19M -$5.03M -75,970 -67%
CIC
415
Cornercap Investment Counsel
Georgia
$2.19M -$655K -9,899 -21%
HCM
416
HMS Capital Management
Tennessee
$2.19M -$39.6K -598 -2%
QCM
417
QRG Capital Management
Illinois
$2.18M +$2.46M +37,158 New
SFI
418
Siemens Fonds Invest
Germany
$2.17M +$2.08M +31,439 +560%
NO
419
Ninety One
South Africa
$2.17M +$2.44M +36,844 New
SC
420
Scholtz & Company
Connecticut
$2.14M +$31.4K +474 +1%
DCM
421
Davidson Capital Management
Texas
$2.11M +$745K +11,260 +46%
GH
422
GAM Holding
Switzerland
$2.1M +$5.69K +86 +0.2%
SDIC
423
South Dakota Investment Council
South Dakota
$2.1M +$969K +14,636 +69%
Cetera Investment Advisers
424
Cetera Investment Advisers
Illinois
$2.09M -$587K -8,871 -20%
PFG
425
PAX Financial Group
Texas
$2.05M +$56.4K +852 +2%

FTNT Hedge Fund Activity: Q3 2023 in Review

1,068 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2023, worth a combined $29.9B — down 24% from $39.4B a quarter earlier.

Sellers outnumbered buyers: 147 funds closed out of FTNT and 122 opened new positions — a net loss of 25 holders — while 412 trimmed existing stakes and 408 added.

The largest buyer was Nordea Investment Management, adding an estimated $382M. The largest seller was Fidelity Investments, cutting an estimated $435M.

  • 1,068 institutional investors held Fortinet (FTNT) as of Q3 2023, down from 1,102 in Q2 2023.
  • Funds reported $29.9B of Fortinet stock for Q3 2023, down 24% quarter-over-quarter.
  • 122 funds opened new Fortinet positions in Q3 2023 and 147 closed out, a net change of -25 holders.
  • The largest Fortinet buyer in Q3 2023 was Nordea Investment Management, an estimated $382M added.
  • The largest Fortinet seller in Q3 2023 was Fidelity Investments, an estimated $435M sold.

Based on aggregated 13F filings for Q3 2023.